CATEGORIZED | News

Williams will succeed Miller as chairman, CEO of NOV

Posted on 22 November 2013

Merrill A. “Pete” Miller will step down from both his chairman and CEO positions at National Oilwell Varco (NOV), the company recently announced. Mr Miller’s decision comes alongside NOV’s previously announced plan to spin off to its shareholders its distribution business as an independently traded company. Mr Miller will become the executive chairman of that publicly traded distribution company.

Merrill A. "Pete" Miller of NOV will step down from his chairman and CEO positions there, the company recently announced. Mr Miller is shown here at the 2013 IADC Annual General Meeting in San Antonio, Texas in early November.

Merrill A. “Pete” Miller of NOV will step down from his chairman and CEO positions, the company recently announced. Mr Miller was a keynote speaker at the 2013 IADC Annual General Meeting in San Antonio, Texas in early November.

Additionally the company announced that Clay Williams has been appointed to the board of directors and will succeed Mr Miller as NOV’s chairman and CEO. Mr Williams has served as the company’s president and chief operating officer since December 2012 and previously served as the company’s executive vice president and chief financial officer. He served as Varco’s vice president and chief financial officer from January 2003 until its merger with National Oilwell in March 2005.

“I want to thank all the employees of National Oilwell Varco around the world. Without their tireless hard work and effort, this company would not be what it is today. I am confident that with Clay, NOV has the right leadership for the future. The board of directors has made an excellent choice, and I am confident that Clay’s leadership will greatly benefit everyone for many years to come,” Mr Miller said.

Mr Miller joined NOV in 1996, and after holding various executive positions, has served as president, CEO and chairman since 2001. Mr Miller came to the company with broad industry experience, having previously served as vice president of US operations for Helmerich & Payne and as president of Anadarko. Mr Miller received an MBA from Harvard Business School and an engineering degree from the US Military Academy.

NOV announced Clay Williams as Miller's successor in the two positions. Williams is shown here at the 2013 IADC Annual General Meeting in San Antonio, Texas in early November.

NOV announced Clay Williams as Miller’s successor as chairman and CEO. Williams spoke at the 2013 IADC Annual General Meeting in San Antonio, Texas in early November.

“Pete has given National Oilwell Varco, its employees and its shareholders, over 12 years of truly exceptional leadership. Under that leadership NOV’s revenues, net income and market capitalization increased over 1,000%, 2,200% and 11,00%, respectively,” Greg Armstrong, lead director of NOV’s board of directors, said.

“Pete has built an extraordinary company. He has been a wonderful leader, example, mentor and friend to me, and all of us at National Oilwell Varco are grateful to Pete for his vision and entrepreneurship. We are excited about the opportunities he will pursue for our new independent distribution business. I am humbled and excited about the opportunity to follow in his footsteps and build on the great foundation he has laid for this industry-leading franchise,” Mr Williams said.

 

 

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 28 July 2014

    SDI completes 500th MagTraC MWD Ranging project

    Scientific Drilling International (SDI) has completed the 500th MagTraC MWD Ranging project. MagTraC was introduced in 1998 to target challenging applications...

  • 28 July 2014

    Modular offshore rig design reduces deployment costs

    William Jacob Management (WJM) has introduced an offshore rig design that reduces deployment costs and improves speed-to-market for upstream operations. The 3,000-hp...

  • 23 July 2014

    Halliburton promotes Jeff Miller to President

    Halliburton has promoted Jeff Miller to President and has appointed him to the Halliburton Board of Directors effective 1 August 2014. Mr Miller is currently the...

  • 23 July 2014

    Statoil resumes production on Njord A platform

    Statoil has resumed oil and gas production on the Njord A platform in the Norwegian Sea, after a major reinforcement of the platform structure. Production had been shut down...

  • 22 July 2014

    Petrobras’ domestic oil production tops 2 million bbl/day in June

    Petrobras’ June oil production in Brazil averaged 2 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated...

  • Read more news